The Week of May 13, 2024 Newsletter
??Dr. John Pournoor
LinkedIn Top Public Affairs Voice | CEO | Humphrey Policy Fellow | In Pursuit of Public Value
??THIS WEEK: Climate Action, Supply Chain, Artificial Intelligence, Healthcare, Sustainability, Trade
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#GlobalEvents, #EconomicData, #MonetaryPolicy, #GovernmentHearings, #FinancialReports, #ClimateAction, #ArtificialIntelligence, #HealthcareInitiatives, #InternationalRelations, #InfrastructureDevelopment
HAPPENING THIS WEEK
Monday, 13 May
Tuesday, 14 May
Wednesday, 15 May
Thursday, 16 May
Friday, 17 May
Saturday-Sunday, 18-19 May
Quiet weekend in politics.
GLOBAL ECONOMIC PULSE
USA: The focus in the United States will be on the Consumer Price Index (CPI) data, with April's figures anticipated amid concerns about inflation trends after a higher-than-expected reading in March. Retail sales, industrial production, and building permits data will also be closely watched, providing further insights into economic activity. The S&P Global US Purchasing Managers' Index (PMI) indicated a slowdown in manufacturing production growth due to lower new business volumes, even as consumer sector improvements were suggested.
EUROPE: Inflation remains a key concern in Europe as final April inflation data will be released, which could influence the European Central Bank's policy decisions. The United Kingdom will publish its labor market data, with unemployment expected to remain steady. A decline in permanent job placements and an increase in pay growth were noted in April, reflecting changes due to the new minimum wage. Additionally, Germany's ZEW index will provide insights into economic sentiment.
ASIA: China anticipates a series of major economic data releases, including CPI and Producer Price Index (PPI) inflation figures, as well as retail sales and industrial production. Indications from the Caixin PMI suggest expansions in manufacturing and services sectors. Japan expects to release its first quarter Gross Domestic Product (GDP), with predictions pointing to slight contraction due to earlier production disruptions, though private consumption is likely to rise. India's inflation may edge higher in April, influenced by seasonal food price increases and recent gasoline price adjustments.
LATIN AMERICA: In Latin America, Brazil will release economic activity data. Additionally, Mexico evaluates options to support Pemex while maintaining the same interest rates, as indicated by Banco de México.
领英推荐
Earnings Reports This Week
Monday, May 13: Tencent Music Entertainment Group (TME)
Tuesday, May 14: Home Depot (HD), Alibaba Group (BABA) and Sony Group (SONY)
Wednesday, May 15: Cisco Systems (CSCO)
Thursday, May 16: Walmart (WMT), Applied Materials (AMAT), JD.com (JD), Baidu (BIDU), Take-Two Interactive Software (TTWO), and Deere & Company (DE)?
LAST WEEK’S MAJOR POLICY and REPORTS
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HEALTH CARE
MINNESOTA - The latest Minnesota Statewide Health Assessment, completed by the Minnesota Department of Health and the Healthy Minnesota Partnership, analyzes key factors affecting health such as environment, education, housing, and transportation. It aims to inform a statewide health improvement framework, inviting collaboration from various community and government entities. LINK
UNITED STATES – The Strategic National Stockpile (SNS), overseen by the Department of Health and Human Services (HHS), faced challenges during the COVID-19 and mpox emergencies, as reported by 62 jurisdictions. These included issues with understanding the SNS inventory and coordinating its use. In response, HHS has improved external coordination and developed a new system for tracking SNS requests. However, difficulties persist with unclear agency roles and outdated main guidance, which has not been updated since 2014. Enhanced clarity in roles and updated guidance are needed to improve jurisdictional response capabilities.?? LINK
INTERNATIONAL - World Health Organization (WHO), Organisation for Economic Co-operation and Development (OECD), and World Bank released new guidance on 8 May 2024, advocating for integrated modeling combining epidemiological, economic, and behavioral factors to enhance pandemic preparedness. Highlighted by Dr. Bruce Aylward of WHO, this approach aims to bridge health and economic dimensions, emphasizing the need for interdisciplinary collaborations and robust data sharing ahead of future pandemics. The guidance outlines initiatives for institutionalizing policy-making models, fostering communications, aligning models with policy needs, and increasing awareness in modeling techniques. ??LINK
ARTIFICIAL INTELLIGENCE
MINNESOTA - Melissa Reeder, Chief Information Officer for the League of Minnesota Cities, emphasizes the potential of generative AI tools like Copilot and ChatGPT to augment city workers' capabilities, not replace them. Recommendations from the National Association of State Chief Information Officers (NASCIO) for governments considering AI implementation include initiating discussions on its pros and cons, establishing governance, and exploring other cities' approaches. The future of AI in city operations could dramatically change processes like permit reviews and property assessments, aiming not just for efficiency but transformative improvements in public service.?? LINK
UNITED STATES – Encourage all to read Becca Bycott 's excellent take on a major AI event in Washington DC. Washington, D.C., is a hub of expertise spanning government, tech, academia, and more. The Special Competitive Studies Project (SCSP) hosted its inaugural AI Expo for National Competitiveness. This event showcased high-caliber speakers. The sessions attended provided a comprehensive framework for addressing artificial intelligence strategically, contributing to the ongoing development of AI thought leadership and programming.? Read and subscribe to her newsletter at this LINK.
INTERNATIONAL - The United States and China are set to conduct high-level talks in Geneva this week about the risks of artificial intelligence (AI), amid concerns about unintended wars and accidents in the backdrop of an AI arms race. Senior officials from the State Department and the National Security Council will represent the U.S., while China will have representatives from its Foreign Ministry and National Development and Reform Commission. The dialogue was initiated due to the strategic importance of AI to both countries.
MOBILITY and TRANSPORTATION
MINNESOTA - The Minnesota House and Senate are proposing different transportation budgets with the House allocating $94.1 million and the Senate $86.4 million. Key allocations include $40 million for high-priority bridges and funds for various transportation facility improvements and programs. Notably, the Senate plans to divert $10 million from light rail expansion to a new "Antidisplacement Community Prosperity Program Board." The Senate bill also introduces traffic enforcement by camera in selected communities, with penalties structured to escalate based on the offense. Additionally, the Senate proposes provisions for lane splitting, online renewal of driver’s licenses, and studies on various transportation issues. Conversely, the House focuses on limiting train length, ensuring drug testing for non-alcohol-related impaired driving offenses, and introducing special license plates to support local environmental efforts. LINK
UNITED STATES - The Federal Highway Administration provides tools for analyzing climate change impacts on transportation, like the CMIP Climate Data Processing Tool which projects changes in extreme weather affecting infrastructure by 2100. Tools include methods for assessing the vulnerability and criticality of various transport assets to climate impacts. These resources are supplemented with webinars for user guidance. ??LINK
INTERNATIONAL -? United Nations has created a compendium of well researched transportation system transition risks backed up by data and analytics.? The transportation sector faces significant climate-related transition risks, including increasing carbon prices affecting emission-intensive activities from passenger vehicles to global shipping. Policies from various governments are pressurizing decarbonization, while technological innovations and shifts in consumer preferences toward low-carbon alternatives challenge traditional models. Additionally, rising reputational and legal risks compel the sector to accelerate decarbonization efforts, influenced by investors and environmental activists demanding accountability for emissions. LINK
SUSTAINABILITY
MINNESOTA - In a substantial climate and energy bill, the largest allocation is $14.2 million from the Renewable Development Account—funded by Xcel Energy for nuclear waste storage—to support renewable projects in Minnesota. Key initiatives include $5 million each for geothermal and anaerobic digester energy systems, enhancing energy infrastructure and transition to clean energy. The bill also focuses on permitting reforms and extends support for various green technologies through 2029, despite criticism over its spending. ??LINK
UNITED STATES - ?The U.S. Department of Energy allocated $1.93 billion across 35 projects in 20 states under the Qualifying Advanced Energy Project Credit (48C), supporting clean energy and greenhouse gas reduction at industrial sites. Notably, seven hydrogen-related projects in five states received over $300 million in credits, with companies like Cummins Inc. and Ballard Power Systems focusing on industrial decarbonization and clean energy manufacturing. This initiative is part of the Inflation Reduction Act under the Investing in America agenda, emphasizing investment in communities historically reliant on coal energy.? LINK
INTERNATIONAL - Launched in 2014 by UN Climate Change, Peru, and France, the Global Climate Action portal is a significant online platform that records worldwide commitments to combat climate change from various sectors, including nations, cities, companies, and investors. It played a pivotal role in building momentum towards the Paris Climate Agreement of 2015. The portal, formally recognized in the Agreement's Decision Text, encourages diverse actors to showcase their climate initiatives, fostering a unified and ambitious global response for the benefit of current and future generations.? LINK
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6 个月??Dr. John Pournoor, it was kind of you to include my latest Meeting the Moment Advisory article highlighting key takeaways from the Special Competitive Studies Project - SCSP's #AI Expo in your newsletter. Thank you!